Question

Ram buys 40 pencils for ₹ 80 and sells 30 of them for ₹ 90. Find the profit or loss percentage.

• A. 50%
• B. 25%
• C. 62%
• D. 84%

Answer 1

The correct option is A

50%

CP of 40 pencils = ₹ 80

$\therefore$ CP of 1 pencil
$=\frac{80}{40}$ = ₹ 2

SP of 30 pencils = ₹ 90

$\therefore$ SP of 1 pencil
$=\frac{90}{30}$ = ₹ 3

Profit = ₹ (3 - 2) = ₹ 1

$\Rightarrow \text{Profit \%}=\frac{1}{2}\times 100$
= 50%